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Anti-Money Laundering and Countering Financing of Terrorism Act 2009

Institutional arrangements and miscellaneous provisions - Miscellaneous provisions - Ministerial exemptions

158: Minister must consult before granting exemption

You could also call this:

"The Minister must talk to others before allowing exceptions to the rules."

Illustration for Anti-Money Laundering and Countering Financing of Terrorism Act 2009

You need to know that the Minister has to talk to some people before they can grant an exemption. The Minister must consult with the Ministers responsible for the AML/CFT supervisors. They also have to talk to other people they think are appropriate, based on the matters listed in section 157.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2141067.

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Part 4Institutional arrangements and miscellaneous provisions
Miscellaneous provisions: Ministerial exemptions

158Minister must consult before granting exemption

  1. Before granting an exemption under section 157, the Minister must consult with—

  2. the Ministers responsible for the AML/CFT supervisors; and
    1. any other persons the Minister considers appropriate having regard to those matters listed in section 157(3).